Everyone

April 2, 2022

Tax Benefits of Owning Real Estate

Real estate ownership provides multiple tax benefits. Some become available when a property is sold, and some are in effect every time you file an income tax return. Let’s start with the savings you can incur when you sell a property.

 

Selling

The IRS provides two different avenues property ...

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Posted in Everyone
March 24, 2022

Reverse Mortgages

There are a few different types of reverse mortgages, but the most common one is FHA’s Home Equity Conversion Mortgage (HECM). It is called a reverse mortgage because the loan balance increases over time instead of decreasing. A HECM loan converts some of the equity you have in your home ...

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Posted in Everyone
March 19, 2022

Exchange Home Equity for Cash

Equity in a home is the difference between the current value of the property minus the mortgage loan balance. This calculation can be a significant amount of money in a rising real estate market. Likewise, you'll have a lower loan balance if you've owned your home for a ...

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Posted in Everyone
March 6, 2022

Fort Lauderdale Beach

Fort Lauderdale beach is a 7 mile stretch of soft sand with 20 lifeguard stands staffed with men and women dedicated to keeping the visitors safe. Ft. Lauderdale is just one section of the area's 23 miles of endless beaches, all with their own special charms.

 

Fort Lauderdale ...

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Posted in Everyone
Feb. 6, 2022

South Florida’s 40-Year Recertification Program

 South Florida’s Building Safety Program is in effect for Miami-Dade and Broward counties. It generally applies to all buildings greater than 3,500 square feet (2,000 square feet in Miami.) One-or-two unit residential homes are exempt. The program requires properties to be thoroughly inspected for structural, mechanical and electrical ...

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Posted in Everyone
Feb. 6, 2022

Stricter Funding Guidelines for Condos and Co-Ops

On June 24, 2021, the Champlain South Tower condominium complex in Surfside Florida partially collapsed without any preliminary rumbles. Although there were no new red flags that day, the complex had a history of delayed maintenance repairs. A decision that the surviving residents will always regret.

More problems appear as ...

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Posted in Everyone
Jan. 29, 2022

Condo vs Co-Op

Most Floridians are familiar with the pros and cons of owning a condo. On the plus side, you may have a heightened sense of security surrounded by so many neighbors and possibly security cameras and guards in the lobby and patrolling the grounds. Well-maintained communities with money in reserve are ...

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Posted in Everyone
Jan. 23, 2022

Emergency Florida Rental Assistance

Our Florida (Opportunities for Utilities and Rental Assistance) is a federally funded relief program for Florida landlords and tenants. Eligible applicants can receive assistance for rent payments and utility bills.

Landlords

Landlords can apply to receive past due rent and three months future rent. The total can’t exceed fifteen months ...

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Posted in Everyone
Dec. 1, 2021

Is Cash Really King in Real Estate?

Is cash really king when purchasing real estate? The short answer to that question is yes, and there are some good reasons why that’s the case.

Contracts to purchase a home typically have a number of contingencies and deadlines in them that allow a buyer and/or seller to cancel ...

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Posted in Buyers, Everyone, Sellers
Nov. 28, 2021

Florida Wind Insurance Tips

Florida wind insurance is not a requirement for residential homes in Florida. However, if you live in South Florida, mortgage lenders will definitely insist on the coverage. There is a reason why wind insurance is also known as hurricane insurance. We can, on occasion, get battered.

Homeowner’s insurance can be ...

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Posted in Everyone